Citigroup is preparing for another round of job cuts expected to be announced in March, according to two sources familiar with the matter. The planned reductions would follow a recent tranche of roughly 1,000 layoffs in January 2026, the sources said. The people briefed on the plans said the next wave is likely to be disclosed after the bank completes…
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, reported a sharp rise in quarterly earnings as demand for advanced processors used in artificial intelligence systems continued to accelerate. The company said its October–December net profit climbed 35% year over year to 506 billion New Taiwan dollars (about $16 billion), exceeding market expectations. Revenue for the quarter increased 21%…
Lawyers for Nexperia, a Dutch-based semiconductor manufacturer, and representatives for its Chinese owners argued in an Amsterdam courtroom over whether the company should face a court-ordered investigation into alleged corporate mismanagement. The hearing took place at the enterprise chamber of the Amsterdam Court of Appeal, where the panel was asked to decide whether the threshold had been met to open…
President Donald Trump has intensified his clash with the Federal Reserve by allowing a Justice Department investigation to target the central bank and by having it served with subpoenas that raise the prospect of a criminal case, according to the dispute described by the Fed and the administration. The stated trigger is Federal Reserve Chair Jerome Powell’s June testimony to…
Canadian Prime Minister Mark Carney is traveling to China this week, a high-level visit aimed at stabilizing a relationship that has been strained for years and expanding Canada’s commercial options beyond the United States. It is being billed as the first trip by a Canadian leader to China in nearly a decade. Carney is expected to arrive on Wednesday, remain…
Restrictions on Image Generation for Non‑Paying Users Elon Musk’s artificial intelligence chatbot Grok, integrated into the social media platform X (formerly Twitter), has begun limiting its image generation and editing capabilities to paid subscribers following widespread criticism over its misuse. The restrictions, announced by X, mean that non‑paying users attempting to generate or alter images now receive a message indicating…
A comprehensive report released by Microsoft on Thursday, January 8, 2026, reveals a significant shift in the global landscape of artificial intelligence. Researchers from the AI for Good Lab indicate that while generative artificial intelligence tools reached a global adoption rate of 16.3% in the final quarter of 2025, the gap between advanced and emerging economies continues to widen. This…
